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To practice as a CPA, one must have a valid certificate issued by the board of accountancy in one of the country’s 55 jurisdictions, which consists of the 50 states, the District of Columbia, Puerto Rico, Guam, U.S. Virgin Islands and Commonwealth of the Northern Mariana Islands. Each jurisdiction has individual requirements for licensure in terms of experience and education, but the one common denominator is the Uniform CPA Examination, which the AICPA creates and grades. In addition to testing knowledge of accounting and auditing, regulation and business concepts via multiple-choice questions, the CPA Exam includes simulations and written communications.

 

 

 

 

 

 


 

10th Anniversary of Computerized CPA Exam

CPA-Exam-10-Year-Anniversary

Computerization of the CPA Exam has led to momentous benefits for candidates, the boards of accountancy and the CPA profession. Here are some interesting facts in celebration of the 10th anniversary of the first computerized CPA Exam delivery on April 5, 2004.

The candidate test-taking experience has improved with computerization, resulting in more available days to sit for the CPA Exam and faster score reporting. During the pencil-and-paper days, candidates could take the CPA Exam twice a year – either in May or November. The CPA Exam is now available 243 days a year (and 244 during a leap year). Before computerization, candidates waited 90 days to receive their scores. Score reporting now ranges from seven to 45 days, depending on when a candidate sits for the CPA Exam.

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CPA Exam Q1/Q2 2014 Score Release Timelines

The AICPA continues to post regular updates regarding the CPA Exam score release schedule in an effort to keep CPA Exam candidates informed. Updated score release timelines are announced twice annually on AICPA Insights and are also posted on the CPA Exam website. To eliminate confusion, candidates can use the table below to easily find their score release dates.

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Updates and Resources from the CPA Exam

CPA-Exam-CandidateThere are a few updates being implemented to make the candidate experience more user-friendly when taking the Uniform CPA Examination.

We are adding a comma to the calculator on the CPA Exam. The comma is meant for large numbers such as 1,000 and above to make them easier to read. We are also updating the tutorial to reflect a few recent changes to the CPA Exam, and at the same time we’re updating the technologies we use to present the tutorial.  These changes will make it much easier for candidates to access the tutorial on a variety of hardware platforms. Both the tutorial and comma go into effect Oct. 1.

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In the News: AICPA Conference Focuses on Developing Female Leaders

Leadership-compassA recent AccountingWEB article by Deanna White highlighted the steps the AICPA is taking to develop more female leaders in the accounting profession.

"If you look at people coming up in the ranks over the last thirty years, 50 percent of the people in the profession are women but only 19 percent of leadership in the accounting and finance professions right now is female," says Mary L. Bennett, chair of the AICPA Women's Initiatives Executive Committee and founder of MLBennett Consulting LLC.

Bennett said that there is a perception that more female leadership in the accounting profession is an issue that will take care of itself - but that's not the case.

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AICPA Report Finds Record Hiring for Accounting Grads

Trends
in the Supply of Accounting Graduates and the Demand for Public Accounting
RecruitsAccounting has always been a popular major as well as a great career choice, and a new report has shed some light on just how hot the accounting profession is right now.

The AICPA recently released the results of the Trends in the Supply of Accounting Graduates and the Demand for Public Accounting Recruits, which showed a record 40,350 accounting graduates hired by public accounting firms in 2012 and 89 percent of those firms forecasting the same or increased hiring of graduates this year.

In addition to promising demand, the pipeline of future accountants is stronger than ever, with historic levels of student enrollments in accounting programs and record numbers of accounting graduates in 2012.

To gain insight into why accounting is more popular than ever, and to better understand the content of the Trends report, I sat down with Scott Moore – AICPA Director of Students and Professional Pathways, who led the effort to compile the Trends report.

James Schiavone: One of the things that really struck me about the report is that the number of students who are earning their master’s degree in accounting has doubled in the last ten years. Can you explain why we’ve seen such a sharp increase?

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